The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump on July 4, 2025, introduces a revised approach to the limitation on deductibility of state and local taxes (SALT cap).

The state and local tax deduction (SALT) has been getting attention lately. That's partly because last year, President Trump floated the idea (supported by some Democrats) to "bring back SALT" (i.e., ...

Among the changes in the One Big Beautiful Bill Act is an adjustment to the state and local tax deduction cap. The bill temporarily increases the SALT deduction cap, allowing taxpayers to deduct a ...

As Congress edges closer to key tax deadlines, a familiar fight is back on the agenda: whether to lift or extend the limit on ...

In this episode of Tax Notes Talk, Steve Kralik of Armanino discusses the One Big Beautiful Bill Act’s implications for state tax, including the new version of the SALT cap and how states may conform ...

States are bracing for one of the most disruptive tax years in recent memory as the One Big Beautiful Bill forces them to rethink how their tax codes line up with federal law, especially the ...

Stream Connecticut News for free, 24/7, wherever you are. When you itemize tax breaks, you can claim the SALT deduction, which includes state and local income taxes and property taxes. Trump's 2017 ...

For millions of homeowners in high-tax states, property taxes haven’t just been painful—they’ve been punishing. As home values soared over the past decade, property tax bills rose right along with ...

House Republicans on Thursday approved President Donald Trump's "big beautiful bill," which includes changes to the limit for federal deduction for state and local taxes, known as SALT. When you ...